Does any one have experience with valuers in SEQ? I have investment property that I want to revalue and refinance and extract the maximum funds for reinvestment. Can anyone recommend optimistic bank valuers for SEQ?
I understand Qld valuers have one standard for local PPOR owners and another for interstate investors. Can anyone confirm if this is the case?
Does anyone have a tried and reliable strategy for maximising valuations on existing properties for refinance purposes that you’d be willing to share?
Thanks for any assistance you can give.
I am happy for anyone to PM me if they have any input. FYI I am an investor and not in the banking/valuer industry.
Cheers.
30PC
I can assure you that valuers do not have different assessment criteria for if you are a Qld local or from Inter State. All are treated the same.
When instructing the valuer many lenders will indicate to the valuer whether the purchaser is local. Others may require a full valuation if the purchaser is inter state whereby the Contract price or a driveby maybe accepted for local buyers.
As a MB I know sometimes it can feel like there is a different policy for each but all they really want to do is stamp out the Dudley Quinlivens of the Gold Coast.
Cheers Richard
Ph: 07 3720 1888
[email protected]
http://www.yourstatefinance.comSpecialising in US & IP finance.
Richard Taylor | Australia's leading private lender
Thanks Richard. I appreciate your response.
Richard is correct however I believe that the valuers do have a bias between local and interstate buyers and nothing is going to change.
DQ is only one operator of over pricing. He keeps escaping because he hides behind bank valuations, and when in court no judge can prosecute him because of this.
Just how much is the true value of a property is the question, to me all the products come from the same place so why such a variance is beyond me. I pay $750.00 per/m2 including land scaping and turn key, so a 20 s/q house is $150,000.00 complete with air and all the bells and wistles.
If you r paying more than that you have rocks in your head, I know some builders are charging $195,000.00 for what i can do for $150,000.00 go figure. But let me say some thing before you shoot me down ALL THE PRODUCTS COME FROM THE SAME PLACE.
There r 2 secrets to building
1. the land price
2. the construction price
both of these will give a wholsale price and then go do what you want. So back to the valuations QV’s r running scared for the reason what Richard said and any body stupid enough to pay toooooo much and get caught, read the contract CAVEAT EMPTOR
No you can’t have my builders name i’ve been doing it for over 10 years, if u want me to teach u i’m dearer than SM
resiwealth
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